Mobile Embrace Posts 105% Revenue Increase For First Quarter This Financial Year

Mobile Embrace Posts 105% Revenue Increase For First Quarter This Financial Year
SHARE
THIS



Mobil commerce company Mobile Embrace Limited has reported a strong start to FY2016 with record revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ended 30 September 2015.

Revenue for the period was up 105 per cent on the previous corresponding period to $12.1 million (Q1 2015: $5.9 million) and EBITDA was up from $0.13 million to $2 million. The revenue and EBITDA performance represents the strongest trading quarter in MBE’s history.

Management is very encouraged by the first quarter financial performance which has been driven by solid organic growth from ongoing operations and the businesses that Mobile Embrace has acquired. This has underpinned the continued expansion of the group’s domestic and international operations.

While MBE’s domestic operations are performing well, the company is particularly encouraged by the growth in international operations, primarily the m-payments division in the United Kingdom. Revenue from international m-payments has been growing at an average 20 per cent month-on-month since January 2015. International revenues are now 14 per cent of Mobile Embrace’s m-payments business with this figure continuing to grow.

Mobile Embrace CEO, Chris Thorpe, commented: “We are encouraged by the consistent and strong growth being achieved across domestic and international markets which is translating into increased revenue and earnings.

“MBE is now just starting to realise the financial benefits from the businesses it has acquired which are all experiencing very solid organic growth under the company’s ownership.

“In the near term, we are also expecting strong growth from our performance marketing operations which can now service clients in Australia, New Zealand, and the much larger markets of the United Kingdom and Europe. Our performance marketing operations now have sufficient operational scale to compete globally.

“Our m-marketing and m-payments capabilities present clients with a unique market offering and we are continuing to build scale into these operations so we establish MBE as a leading m-commerce provider in multiple markets.

“MBE is in excellent shape with a strong balance sheet, growing revenue streams and robust operating businesses. We are well placed for the first half of FY2106 and beyond, and we look forward to updating shareholders in the near term on a number of operational developments across the business.”

 

Please login with linkedin to comment

a2 Milk

Latest News

IsoWhey launches #YouGotThis Weight Management Campaign Via Indie Agency Urban
  • Advertising
  • Campaigns

IsoWhey launches #YouGotThis Weight Management Campaign Via Indie Agency Urban

Australia’s leading health and wellbeing brand IsoWhey has launched its latest national campaign, ‘#YouGotThis’. Created by Urban, the campaign highlights the real-life struggles Australians face on their weight management journey. A journey made easier through perseverance, and a little help from IsoWhey. The #YouGotThis campaign is IsoWhey’s biggest marketing investment to date, with executions running […]

Taking A stand? Just Do It…Maybe
  • Marketing
  • Opinion

Taking A stand? Just Do It…Maybe

In this guest post, creative and strategy director at WE Buchan, David Coupland (pictured below), takes a look at the fallout from Nike’s Colin Kaepernick campaign and says what it also does is show the importance brands now play in our lives… Nike’s decision to feature Colin Kaepernick as the face of their 30th anniversary “Just Do It” campaign […]

Opinion

by B&T Magazine

B&T Magazine
How To Optimise Branded Keywords
  • Marketing
  • Opinion

How To Optimise Branded Keywords

In this guest post, CEO of Delacon, Michael Center (pictured below) talks the value of branded keywords for marketers and offer his tips on getting the best from yours… Branded keywords are an essential part of the digital marketing strategy for many large businesses. Trading on the recognition and equity of a brand’s name, some of the country’s […]

Opinion

by B&T Magazine

B&T Magazine
OLYMPUS DIGITAL CAMERA
  • Marketing
  • Opinion

Expertise First, Influence Second: When Influence Is A By-Product Of Expertise

In this guest post, Taryn Williams, CEO and founder of influencer and creative talent marketplace theright.fit, explains why influence should be a by-product of success, not the foundation for it… Like any form of advertising and promotion, influencer marketing is not without its controversies. Earlier this year Australia’s Federal Minister for Health, Greg Hunt, ordered […]

Opinion

by B&T Magazine

B&T Magazine
Ford & Facebook Invite Aussies To Personalise 2018 Mustang With New In-App Experience
  • Campaigns
  • Marketing
  • Technology

Ford & Facebook Invite Aussies To Personalise 2018 Mustang With New In-App Experience

Ford Australia has unveiled a new innovation that showcases the iconic Ford Mustang through a collaboration Facebook and Instagram. The interactive campaign invites Facebook and Instagram communities to take part in a live poll to identify Australia’s ultimate Mustang design. Targeting performance car fans, along with design lovers and image-conscious consumers, Ford and its partner […]